U.S. Oil & Gas Production Sees $5 Billion in First-Quarter Kickoffs, but Slower Growth Looms

SUGAR LAND--January 21, 2019--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. shale plays may be cooling their jets in 2019. Executives from Schlumberger Limited (NYSE:SLB) (Houston, Texas), a top provider of oil and gas exploration services, recently said in an earnings-related conference call that that they expect exploration and production investments "to be flat to down, which means that it's going to be a fairly tough year." They noted that the first quarter--a slow period for the industry by normal standards--is seeing weaker-than-usual activity. Industrial Info is tracking more than $5 billion in Oil & Gas Production Industry kickoffs in the first quarter, more than $3.6 billion of which is attributed to natural gas-processing facilities.

Within this article: Details on some of the highest-valued U.S. upstream projects set to begin construction before the end of March, including those from heavy-hitters such as Apache Corporation (NYSE:APA), Enterprise Products Partners LP (NYSE:EPD), Crestwood Equity Partners LP (NYSE:CEQP), Baytex Energy Corporation (NYSE:BTE), DCP Midstream LLC, Williams Companies Incorporated (NYSE:WMB) and Tallgrass Energy Partners LP (NYSE:TGE).